Banking, Finance, Insurance and Securities (BFIS) Human Resource(HR)

United States Apparel Tender

📄 Tender ID: 468857880 📅 Published: 30 Dec 2021

📋 Tender Overview

LT Apparel Group a leading manufacturer of childrenswear apparel is expanding operations in North Carolina with an investment of at least 57 million in Greensboro. The companys project will add a minimum of 116 new jobs to the community and will help increase industrial capacity at the Reedy Fork Corporate Park.Manufacturers continue to choose North Carolina for expansion projects that are critical to their bottom line said Governor Roy Cooper. LT Apparel Groups decision demonstrates confidence in our workforce and the growth of our state.LT Apparel Group with headquarters in New York City designs sources manufactures and markets childrens apparel. The companys family of brands includes adidas Kids Carhartt Kids and its owned brand French Toast the leader in schoolwear for kids. The company will maintain its design center in Greensboro as it adds new capacity and warehousing space in the city.Our operations here in Greensboro have come full circle said Richard Sutton CEO LT Apparel Group. From designing products in Revolution Mill to warehousing and distributing them from Brown Summit LT Apparel is part of the fabric of this community and were committed to remain so. After a long search for our new home it became clear that Greensboro was the right choice for us. We appreciate the support weve received from all the state and local partners and we look forward to growing our company in North Carolina.North Carolinas investment in education and workforce training makes a real contribution to our states success in economic development said North Carolina Commerce Secretary Machelle Baker Sanders. Our new First in Talent strategic plan recognizes this impact and recommends myriad ways we can grow our workforce in this very competitive business environment.The companys new jobs will yield an average salary of 50235 in line with Guilford Countys average annual wage. Once the projects new jobs are in place the local region will benefit from a more than 4 million payroll impact in the community each and every year.A performance-based grant of 200000 from the One North Carolina Fund to Lollytogs LTD which does business as LT Apparel Group is a component of the companys project in Greensboro. Company performance targets tied to the grant include the creation of 88 jobs and an investment of 17 million. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All OneNC grants require a matching grant from local governments and any award is contingent upon that condition being met.A 500000 grant to the City of Greensboro from the states Industrial Development Fund Utility Account will also support the project providing water and sewer accessibility that will also benefit other customers in the Reedy Fork Corporate Park area.Were excited to see LT Apparel Group expand their business beyond the design center thats been a part of our community for some time said N.C. Representative Jon Hardister. Greensboro is proud to support this companys growth as they strengthen their presence in our community. When an existing industry expands in our community its a strong vote of confidence in our region said N.C. Senator Michael Garrett. We welcome LT Apparel Groups decision to grow in Greensboro and I look forward to seeing how these new jobs and investment will move our community forward.Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly the North Carolina Community College System the Rural Infrastructure Authority the North Carolina Department of Transportation the City of Greensboro Guilford County the Greensboro Chamber of Commerce The Guilford County Workforce Development Board Duke Energy Piedmont Natural Gas and High Point Economic Development Corporation.

🔍 Key Information

📄
Tender Reference No.
468857880
📅
Publication Date
30 Dec 2021
🌐
Sector
Banking, Finance, Insurance and Securities (BFIS)
📝
Notice Type
News
📍
Location
United states

📁 Documents & Downloads

No documents found

🏷️ CPV

No CPV found

Need help with this bid?

Our bid experts can help you find, evaluate & win more tenders.

🎧 Talk to Bid Expert
🕒 Submission deadline
0
days remaining · 30 Dec 2021
🔔 Set Alert

🧭 Quick Facts

Authority N/A
Country United states
State / UT N/A
Tender Type Procurement News
Currency Vijay98
Similar Tenders
Loading similar tenders…